Chubb Life has launched a new product that supports the Hong Kong government’s new voluntary health insurance scheme (VHIS).
The Chubb VHIS – Flexi plan offers enhanced and personalised coverage beyond the essential coverage provided by the firm’s standard plan – including an annual benefit limit of between HK$500,000 and HK$1,500,000 per policy year. The plan has a total of eight options to choose from, with four benefit levels and their respective top-up options – classic, ward, semi-private, and private – enabling people to customise their coverage to their budget and needs. In addition, an optional top-up benefit is available that will cover expenses over the basic threshold deductible limit.
The plan covers unknown pre-existing conditions and congenital conditions; hospital confinement and day case procedures; prescribed diagnostic imaging tests and prescribed non-surgical cancer treatments, such as CT, MRI, and PET scans as well as chemotherapy, radiotherapy and targeted therapy; outpatient kidney dialysis, whether in clinic or hospital; emergency outpatient treatment following an accident; health check-ups to keep track of the customer’s health; and pre- and post-confinement or day-case procedure outpatient care, as well as post-confinement home nursing, companion bed, hospice, and palliative care.
Under VHIS plans, eligible premiums are tax-deductible up to HK$8,000 per insured person per tax year. This benefit also covers the taxpayer’s specified relatives, as well as their spouses’ grandparents, parents, and siblings.
“No matter how wealthy one may be, wealth is nothing without health,” said Michael Ho, president of Chubb Life in Hong Kong. “It is our great honour to support the Hong Kong government’s scheme and help ease the burden on the public healthcare system.”
“At Chubb Life, we understand that an individual medical plan can be a safety net that provides customers with financial assistance and peace of mind when they need it – from treatment to recovery. With the Chubb VHIS - Flexi Plan, we are proud to offer quality and comprehensive medical protection and the access to treatment at private hospitals.”
